new study reveals that those drivers who put off having their car
serviced to save cash could be costing themselves more money in the long
Researcher ICM shows that a full service history on a car could increase its value by 26%.
With the average used car selling for £5,500, the findings indicate that a fully stamped service book could be worth up to £1,500 - over £10 billion to the used car market annually.
It found a third (34%) of the 2026 adults surveyed, said they would not buy any car unless it had a full service history (FSH).
With 2010 seeing the lowest number of used cars sold in a decade – 6.7 million cars according to Experian data – having no service history will make selling a car at a decent price even harder.
32% said they place the same value on a service history from an independent garage as they do from a main franchised dealer.
Matt Brown Marketing Director for Essex Auto Group, said: “This is an
interesting study as it’s long been accepted and known that a fully
stamped service book will increase the re-sale value of a car but this
research has been able to put a figure on it: £1,500 is a significant
number and makes a big difference to the value of a car when an owner
comes to sell.
“It’s not just about the end value though, motorists who get their car serviced according to the manufacturer’s recommendations will be rewarded with greater efficiency, better performance and lower on-going running costs."
Essex Auto Group are franchised operators for Ford, Mazda, Fiat, Kia, SEAT and ŠKODA. Each of these manufacturers has a Value Service offering which allows owners to get genuine main dealer servicing carried out at extremely competitive prices. Manufacturer Value Services really help negate theories that Independent and Fast Fit Operators offer cheaper servicing, the level of technician training carried out at main dealers is far greater and more frequent than a typical Independent Garage or Fast Fit Operation. As a direct result of the specific nature of manufacturer training its trained technicians are likely to be more capable of diagnosing issues much quicker, which should mean cheaper.